This home at 5620 Whitemud Road is on the market, listed for $12.5 million.

The 7,500-square foot home at 5620 Whitemud Road has geothermal heating, gold-plated kitchen appliances, and a 1,000-litre freshwater aquarium in the kitchen. Tycoons take note: this 2.8-hectare Brander Gardens beauty could be yours for roughly $67,102.70 per month.

That’s $12.5 million outright, if you’ve got the cash.

“It’s a beautiful property and it will sell,” said Sally Munro, the veteran real estate agent who listed the Riverbend home just before Christmas. “It certainly is an incredible place to live. I still see it as a generational estate.”

If Munro is correct, the two-storey home could set a residential sales record for Edmonton. A home overlooking Hawrelak Park reportedly sold last year for $9 million, she said. A Windermere Estates home listed for $4.95 million, MLS listings show.

There are certainly ritzier places in town to hang your hat and monocle. Daryl Katz is rumoured to have spent more than the city’s $15.5-million assessed value constructing his 2006 25,000-square-foot modernist mansion on Valleyview Point. Another half-dozen Edmontonians put $10 million into their homes last year alone, Munro estimates.

Asked about the city assessment of $2.8 million for the home, Munro warns that tax bills can be a little deceptive, particularly for amenity properties. She points to the former home of Sandy and Cecile MacTaggart — another Whitemud Road property a few doors down — donated to the University of Alberta in late 2010 and worth an estimated $23 million. That property is only assessed at $5.5 million.

Munro initially listed the property three or four years ago for $18 million, telling the owner it could move within days or it could take five years, depending on the match.

“It’s a very small niche market,” she said. “Although we have many people in Edmonton that could invest in this type of property, the majority of these people are building their own dream properties.”

The Riverbend home is one of several riverside mansions along Whitemud Road once owned by the Jenner family, Munro said. The properties were eventually subdivided, and the current owner bought this one directly from one of the family members. It could easily be subdivided again and developed into a gated community, like other properties in the area.

The owner declined to be interviewed, but land title records show cardiologist Dennis Modry, 64, bought the property in 1997 for $700,000. In the years since, Munro estimates there was over $2 million invested in landscaping, with another $4 million or $5 million into the 1960s home since 2000.

A medical star with a reputation for cowboy boots and fast cars, Modry, in 1985, at the age of 36, became the first doctor in Western Canada to perform a heart transplant at the U of A hospital.

For over two decades, Modry oversaw Edmonton’s heart and lung transplant program, the largest centre in Canada. In 1989 and 1990, he performed the first single and double lung transplants in the area. In 1999, Modry transplanted a 55-year-old heart into his close friend, Ray Nelson, who became the world’s oldest organ recipient at 79.